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Form FR-283 STATEMENT FOR THE PRESS Released for publication Friday morning, April 261 not earlier. Board of Governors of the Federal Reserve System April 25, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 24 member bank reserve balances increased $126,000,000. Additions to member bank reserves arose from decreases of $4-3*000,000 in Treasury deposits with Federal Reserve bonks, $16,000,000 in money in circulation, and $8,000,000 in Treasury cash, and increases of $77,000,000 in gold stock and $5,000,000 in Treasury currency, offset in part by a decrease of $13,000,000 in Reserve bank credit and an increase of $10,000,000 in nomiember deposits and other Federal Reserve accounts. Excess reserves of member banks on April 24 were estimated to be approximately $6,120,000,000, an increase of $70,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended April 24, 1940, were as follows: Increase or decrease since April 24, 1940 April 17, 1940 April 26, 1939 (in millions of dollars) Bills discounted Bills bought U, S. Gov't securities,direct and guaranteed Industrial advances (not including 9 million commitments - April 24) Other Reserve bank credit — - 1 1 97 13 + 3 23 2 — 2,467 10 22 - — - Total Reserve bank credit Gold stock Treasury currency 2,501 18,708 2,997 - 13 + 77 + 5 79 +2,994 + 148 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks IJonmember deposits and other F. R. accounts 12,883 7,520 2,305 470 1,029 + + +2,980 + 660 - 388 126 16 8 43 10 - + 257 Form FR-283-a -Released for publication Friday morning, April 26,1940; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since April 26, April 24, April 17, 1940 .1940 1939 ASSETS Gold certificates on hand and +3,347,761 + 89,501 due from U. S. Treasury 16,378,477 + 794 9,140 135 Redemption fund - F. R. notes + 7,732 + 1,698 Other cash 389,625 Total reserves Falls discounted» Secured by U. S. Gov't obligations, direct and guaranteed Other bills discounted Total bills discounted +3,356,287 16,777,242 + 91,064 443 1,929 2,372 189 98 - 91 - + + 967 301 666 Bills bought in open market Industrial advances U. S. Government securities, direct and guaranteed: Bonds Notes Bills Total U, S. Government securities, direct and guaranteed 1,337,495 1,129,225 Total bills and securities Due from : foreign banks F. R. notes of other banks Uncollected items rank premises Other assets 2,479,010 47 22,113 638,721 41,621 59,145 + 2,652 -124,948 4 + 1,063 + + 20,017,899 - 30,198 +3,321,388 4,918,503 - 12,612 + 485,114 12,8S3,034 469,974 376,402 396,295 14,125,705 616,461 +125,643 - 42,547 - 7,827 + 18,726 +2,980,225 442,936 + 149,446 + 106,837 +2,793,572 + 34,402 4,566 19,665,235 + 664 - 30,3 49 TOTAL ASSETS — - 9,918 - + — - 66 — 562 3,373 + 426,405 46,884 476,816 — 2,466,720 - 97,295 — 2.5 — - - + 101,896 113 1,137 58,204 978 8,747 LIABILITIES F. R. notes in actual circulation Deposits* Member bank - reserve account U. S. Treasurer - General account Foreign bank Other deposits Total deposits Deferred availability itens Other liabilities including accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES Al:D CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R. note liabilities combined Commitments to make industrial advances 136,125 151,720 2.6,839 37,980 20,017,899 88.1% 8,725 + 93,995 -112,396 7 - — + 158 - 30,198 + .1% 80 8 +3,313,080 - + + 1,153 2,568 4-25 + 5,012 +3,321,388 + 3,0% - 3,024 Form FR-283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 24, 1940 (in thousands of dollars) ASSETS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S. Treasury16,378,477 Redemption fund - F.R. notes 9,140 Other cash 389,625 884,786 8,167,190 380 1,559 112,808 31,273 905,236 1,018,356 413,621 316,893 2,517,492 367,819 2.46,568 356,193 234,103 870 616 280 248 601 1,192 574 771 568 25,876 22,403 20,008 50,456 17,330 10,085 17,850 16,785 29,759 950,220 1,481 34,992 Total reserves 916,439 8,281,557 935,865 1,044,833 437,216 337,475 2,568,719 385,717 257,269 374,323 251,136 986,693 16,777,242 Bills discounted: Secured by U. S. Gov!t obligations, direct and guaranteed 443 Other bills discounted 1,929 65 509 5 132 23 130 90 113 36 134 69 128 90 30 22 Industrial advances U. S. Government securitie direct and guaranteed: Bonds 1,337,495 Notes 1,129,225 67 1,229 574 2,030 137 2,731 153 364 203 915 170 802 197 339 90 61 52 176 97,529 82,>43 400,969 338,532 106,802 90,170 136,778 68,248 56,495 115,478 57,622 47,700 146,385 61,325 40,271 6l,73o 51,517 109,438 123,590 51,775 34,000 52,123 4-3,495 . ^ 3 9 7 Total U. S. Govft securities, direct and guaranteed 2,466,720 179,872 739,501 196,972 252,256 125,870 104,195 269,97-5 113,100 74,271 113,861 95,012 201,835 181,168 742,105 18 1,810 151,152 9,840 17,036 199,840 252,773 126,988 105,167 2 4 2 2,567 1,569 5,175 75,782 51,657 24,421 2,526 5,498 2,022 6,592 3,438 2,437 270,511 113,251 74,499 114,234 95,804 * 6 1 1 1 2,730 2,287 680 1,411 433 83,676 27,793 17,896 34,229 32,210 3,197 1,159 3,373 2,272 1,389 6,118 2,562 1,812 2,608 2,469 202,670 Total bills discounted 2,372 9,918 Total bills and securities 2,479,010 Due from foreign banks 47 F. R. notes of other banks 22,113 Uncollected items 638,721 Bank premises 41,621 Other assets 59,145 TOTAL ASSETS 67 3 589 62,972 2,875 3,977 5 963 44,342 4,541 4,890 261 261 112 35 275 23 135 310 4S2 158 677 4 1,899 32,591 2,929 5,206 20,017,899 1,168,023 9,203,518 1,190,446 1,387,051 627,002 474,091 2,935,133 533,883 353,298 530,003 383,459 1,231,992 "*Less than $500. Form FR-283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 24, 1940 (in thousands of dollars) LIABILITIES Total F. R. notes in actual circulation 4,918,503 Depositsl Member bank-reserve acct. 12,333,034 U.S.Treasurer-General acct. 469,974 Foreign bank 376,402 Other deposits 396,295 Total deposits Deferred availability items Other liabilities including accrued dividends 14,125,705 Boston New York Phila. 404,864 1,278,131 345,268 451,407 218,105 159,278 1,083,799 192,143 141,524 181,754 79,152 383,078 624,150 7,073,238 19,136 150,837 27,205 131,853 6,928 309,630 690,016 26,973 37,162 15,905 714,492 30,069 27,743 21^075 677,419 7,665,558 770,056 754,668 295,758 233,681 1,623,077 254,187 142,135 265,028 212,604 28,903 23,875 23,339 •46,457 30,248 31,625 26,033 32,479 35,266 16,306 13,272 45,504 11,376 8,342 10,997 11,376 8,848 6,230 7,853 6,897 4,979 _ 2,153 2,103 3*694 827,685 342,169 278,145 1,718,732 302,708 187,081 304,211 258,562 793,379 87,146 27,994 15,355 33,345 34,342 29,946 6l6,46l 60,918 136,492 41,683 4,566 382 1,214 641 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy.Dallas San Fran. 74,305 51,257 23,678 483 141 171 537 129 167 2.65 165 271 TOTAL LIABILITIES 19,665,235 1,143,583 9,081,395 1,157,648 1,353,880 611,672 461,272 2,890,214 522,974 344,127 519,575 372,221 1,206,674 C A P I T A L ACCOUHT. 3 Capital paid in 136,125 51,068 13,624, 4,121 2,955 4,377 4,108 10,707 14,011 5,276 4,632 9,335 11,911 Surplus (Section 7) 151,720 53,326 3,974 10,224 10,405 22,324 4,709 3,152 3,613 14,323 5,247 5,725 14,198 7,109 Surplus (Section 13b) 2,874 26,839 2,121 1,007 3,246 713 1,429 538 1,001 1,142 1,266 4,393 1,826 10,620 1,890 Other capital accounts 2,296 37,980 2,266 7,042 1,541 2,063 1,296 3,830 1,561 1,749 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 20,017,899 1,168,023 9,203,518 1,190,446 1,387,051 627,002 474,091 2,935,133 533,883 353,298 530,003 383,459 1,231,992 Commitments to make industrial advances 3,818 8,725 852 1,14-6 1,181 717 16 18 120 468 330 59 MATURITY DISTRIBUTION OF BILLS AMD SECURITIES Within 16 to 31 to 61 to 91 days to o months 1 Year 2 Years to Over Total 15 days 30 days 60 days 90 days 6 months to 1 Year : to 2 Years 5 Years 5 Years Bills discounted 1,198 161 233 22 2,372 707 51 Industrial advances 236 629 1,430 1,461 2,130 2,451 9,918 1,447 84 U. S. Government securities, direct,and guaranteed 224,796 2,466,720 248,417 731,708 1,261,799 Form FR-283-d. FEDERAL RESERVE NOTE STATEMENT ON APRIL 24, 1940 (In thousands of dollars) Total Boston New York Phila, Clove. Rich. Atlanta Chicago St.Louis Minn. ICans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R. bank by F.R.agent Held by Federal Reserve bank 5,245,738 417,541 1,388,966 361,877 475,452 234,758 173,942 1,126,072 202,470 145,773 190,180 86,863 441,844 327,235 12,677 110,835 16,609 24,0^5 16,653 14,664 42,273 10,3-27 4,249 8,426 7,711 58,766 In actual circulation 4,918,503 404,864 1,278,131 345,268 451,407 218,105 159,278 1,083,799 192,143 141,524 181,754 79,152 383,078 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury Eligible paper Total collateral 5,375,500 440,000 1,405,000 375,000 479,000 250,000 180,000 1,140,000 209,000 147,500 195,000 91,000 464,000 719 67 147 39 160 - 50 30 226 5,376,219 440,067 1,405,147 375,039 479,000 2.50,160 180,000 1,140,000 209,050 147,530 195,226 91,000 464,000
@FedFRASER